The price of ASTL is predicted to go up -2.41%, based on the high correlation periods with VTOL. The similarity of these two price pattern on the periods is 98%.

ASTL

VTOL

Down: -2.41%Similarity: 98%

ASTL Revenue Forecast

ASTL EPS Forecast

ASTL FAQs

What is bull’s view on ASTL?

ASTL stock has a bullish target price of $20.67, representing a 113.05% upside from its recent price of $9.70, driven by optimism around its transition to an electric arc furnace (EAF) by 2025. Analysts believe this shift will enhance profitability and valuation multiples despite current challenges like weak EBITDA guidance and market uncertainties. The long-term outlook remains positive, supported by strategic positioning and potential industry consolidation.

What is bear's view on ASTL?

ASTL stock is currently bearish due to weak EBITDA guidance for Q4 2024, with projected losses of C$55M-C$65M, significantly worse than expectations. The stock recently dropped 6.6% to around $9.70, reflecting market concerns over cost pressures and industry challenges. Despite long-term optimism tied to its electric arc furnace transition by 2025, near-term uncertainty and tariff risks weigh heavily on its outlook.